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Planning for the Future

Planning for the Future How you spend and invest your money can have an impact on your lifestyle at a later time. What might you want to start saving for in the near future?. Lesson Objective Calculate the total cost of a stock investment. Content Vocabulary. stocks. stocks

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Planning for the Future

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  1. Planning for the Future How you spend and invest your money can have an impact on your lifestyle at a later time. What might you want to start saving for in the near future?

  2. Lesson Objective Calculate the total cost of a stock investment. Content Vocabulary • stocks stocks Share of ownership in a corporation. stock certificate Proof of ownership in a corporation. • stock certificate

  3. Example 1 Melanie Lambert purchased 100 shares of stock at $106.30 per share. Her Internet online stockbroker charged her a $15.95 commission. What is the total amount that she paid for the stock?

  4. Example 1 Answer: Step 1 Find the cost of a stock. Number of Shares × Cost per Share 100 × $106.30 = $10,630

  5. Example 1 Answer: Step 2 Find the total paid. Cost of Stock + Commission $10,630 + $15.95 = $10,645.95

  6. Practice 1 500 shares of stock at $51.14 per share. Broker fee is $30 for fewer than 1,000 shares or 2¢ per share for 1,000 or more shares. a. What is the cost of the stock? b. What is the total paid?

  7. Practice 1 Answer a. $25,570 b. $25,600

  8. Practice 2 250 shares of stock. Cost per share is $35.00. Online commission of $19.95. a. What is the cost of the stock? b. What is the total paid?

  9. Practice 2 Answer a. $8,750 b. $8,769.95

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